The carnage in “everything tech” may have climaxed after Amazon earnings. The “Magnificant Seven” constituent was down about 5% before the after-the-closing bell earnings report released late Thursday and proceeded to drop another 10%, trading down to $197. As investors flipped the script and now are punishing additional capital expeditures , I want to use options to buy this critical company. Establishing another new record quarter, Amazon’s revenue jumped to $213.4 billion in the fourth quarter, up about 14% year over year. Amazon is working its way to achieving historic annual revenue of $1 trillion. Yes, read that again please, they are the largest revenue-making company on the planet. AMZN currently sits around $725 billion in annual revenue for fiscal year 2025. Here is the forgotten nugget and the catalyst to add to my already long exposure to Amazon: Amazon CEO Andy Jassy stated during an earnings call (specifically the Q1 2025 earnings call) that if Amazon had more AI capacity/infrastructure available, the company could serve more customers, drive additional revenue, and accelerate growth in AWS; particularly given the explosive demand for AI services. Amazon is on sale, here is how I want to establish a long position and also finance this bullish spread. The trade Sold the $205 3/20/2026 put for $11.50 Bought the $205 3/20/2026 call for $8.50 This risk reversal allows an investor to collect $3.00 or $300 Amazon was trading around $201.50 when this was executed. An investor must be prepared to own AMZN at $202 upon expiration in the event AMZN closes below that price. However, upside is unlimited above $202. Disclosure: Kilburg has this spread on and is long Amazon. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.